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Net Income Per Share
6 Months Ended
Jan. 31, 2025
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The table below reconciles basic weighted average shares outstanding to diluted weighted average shares outstanding:
Three Months Ended January 31,Six Months Ended January 31,
(In thousands)2025202420252024
Weighted average common shares outstanding964,746 960,525 963,961 959,326 
Effect of dilutive securities13,164 14,064 13,247 13,809 
Weighted average common and dilutive potential common shares outstanding
977,910 974,589 977,208 973,135 
There were no material adjustments to net income required in calculating diluted net income per share. Excluded from the dilutive net income per share calculation were 1,131,328 and 1,006,147 options to purchase the Company’s common stock and restricted stock for the three months ended January 31, 2025 and 2024, respectively, and 2,158,733 and 1,306,147 options to purchase the Company’s common stock and restricted stock for the six months ended January 31, 2025 and 2024, respectively, because their inclusion would have been anti-dilutive.